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Worried about long-term impacts from the pandemic, says Powell

Worried about long-term impacts from the pandemic, says Powell

Federal Chairman Jerome Powell said Thursday he worries about women, children and business owners who face long-term consequences from the COVID-19 pandemic. On his biggest concerns as the world tries to recover from the crisis, Powell said it’s ’the risk that there is some longer-run damage to the productive capacity of the economy and to people’s lives who have been disrupted by the pandemic.’

Chris
Chris
porcus
porcus 2 months

Feels like there is a desire by the elites to switch the economy to be under even more centralized control. This would be a mistake, and catastrophic.

Jerry
Jerry 2 months

As bad as the economic damage, !Think of the Children! The children not being in school, lost senior years, lost education and socialization. We no longer have a society with Moms at home with children doing chores, fathers that can have children working with them, or even neighborhoods full of children running. This damage is our real future.

Trevelyn
Trevelyn 2 months

You should your all killing the small business man .If we can not work you should not get paid .The government should not get a dime in taxes .

systematic fighter
systematic fighter 2 months

Yeah we all could use another stimulus package to boost the economy and it would be nice if biden write's off student debt and other boost to the economy.

John
John 2 months

Oh, really? You don't say. It shouldn't take a genius to predict long term economic problems when you deliberately sabotage your own economy but, apparently, most of us really are that stupid. The entire debacle has more to do with universal healthcare than it does with covid. People who are pushing for mask mandates are trying to set the precedent that you are responsible your your neighbor's health. You aren't. Forcing everyone to wear improper protective equipment, for political reasons, instead of getting proper protective equipment to the vulnerable is extremely callous in both the near term(medical) and the long term(economic).

John W
John W 2 months

It's lockdowns not the virus, sweden never locked down. https://youtu.be/ZzB-WkR8eNQ Making everyone homeless and standing in breadlines will not help control covid long-term.

Indo
Indo 2 months

We are in it up to our chins. Worry is what we shouda done a long time back. We didn't. Now its biting us in more than just our backside

Goi
Goi 2 months

Crocodile tears.

The Conservative Gaming Channel
The Conservative Gaming Channel 2 months

Men don’t need consideration to? I guess we are just disposable.

IvoryDove
IvoryDove 2 months

China unleashed this monster on the free world, and they are walking away scot free.

Ryszmarine
Ryszmarine 2 months

"said he worries about women, children, and small businesses owners" "small business owners" Somehow I don't think he gives a crap lmao.

Skot
Skot 2 months

Ah, the Great Reset, I remember it well.

Mutatis
Mutatis 2 months

Meh, the West has already given the advantage to the Chinese on this one. At this point, the question is merely how deep they dig economic hole.

Bryan_with_a_why
Bryan_with_a_why 2 months

So is this Powell's way of finally acknowledging the "cure" is worse than the disease?

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